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<Europe> UAE Exits OPEC; Pan-European STOXX 600 Extends Decline
The United Arab Emirates announced its exit from OPEC, shocking the market. Investors also monitored progress in peace talks between Iran and the United States and awaited upcoming...
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The United Arab Emirates announced its exit from OPEC, shocking the market. Investors also monitored progress in peace talks between Iran and the United States and awaited upcoming central bank meetings, leading European equities to fall on Tuesday. The pan-European STOXX 600 index slipped 0.4%.

UK energy major BP reported first-quarter profit that doubled and beat expectations, with its London-listed shares rising more than 1% on Tuesday. Barclays' shares edged lower after its results announcement.

The UK's FTSE 100 index closed up 11 points, or 0.1%, at 10,332. Germany's DAX index closed down 65 points, or 0.3%, at 24,018. France's CAC 40 index closed down 37 points, or 0.5%, at 8,104.

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